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What is a Sale Deed?

Sale agreement is an instrument in writing which transfers the ownership of the property from one person to another in exchange for a price paid/consideration. It covers comprehensively the terms on which the sale will take place and the date on which the sale will be completed. The person transferring the property is called the Seller or the transferor and the person making payment in order to get the property is called the Buyer or the transferee.

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A Sale Deed, also called a “conveyance” which transfers the immovable property, be it land or a house, or any other premise to another person. It is one of the most valuable documents in a purchase or sale of a property. It is governed by the Registration Act.

The Sale deed is to be registered at the jurisdictional Sub-Registrar’s office. Apart from the parties, the witnesses should also be present there on the date of registration. However, in the case of absence of party(seller and buyer) parties can send their nominated agent empowered with the Power of Attorney to execute the sale deed.